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Zinedine Zidane has been tipped to replace the Italian at Stade Louis II this summer, with speculation linking the current Monaco boss with a return to Italy

Monaco vice president Vadim Vasilyev has rejected rumors that head coach Claudio Ranieri could depart the club this summer.

Ranieri guided big-spending Monaco back to Ligue 1 last term and was afforded a large budget to bring the likes of Radamel Falcao, Joao Moutinho and James Rodriguez to Stade Louis II this season.

Reigning champion Paris Saint-Germain has dominated the current Ligue 1 campaign, despite Monaco's big financial outlay, and the principality club sits 13 points behind the capital club with just six games remaining.

Monaco has reached the semifinals of the Coupe de France and remains on track to secure a Champions League place next season.

However, reports in France have suggested Ranieri could be replaced by Real Madrid assistant and France legend Zinedine Zidane, with the Italian taking over at Fiorentina.

"It (the rumor) amazes me," Vasilyev told the club's official website. "I have already said Claudio Ranieri is under contract until June 2015.

"(He) works extremely hard with all his staff to achieve the objectives set at the beginning of the season.

"These rumors are not justified."

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